While the world focused on escalating global trade tensions, the Bureau of Labor Statistics reported Friday that nonfarm payrolls surged by 228,000 in March, far better than economists’ forecasts of 135,000. Economists are weighing in on the positive jobs report as fears of a global trade war roil the markets.
Gregory Daco, chief economist for EY, referred to the jobs report as “reassuring” in a post on X but also noted several metrics appear to be slowing, including wage growth and participation.
Daco also said in an interview with Yahoo Finance on Friday morning …